Report Code: A04107 | Pages: NA | Mar 2023 | 7336 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Industrial Gas Turbine Market
Request Now !An industrial gas turbine is a combustion engine, which is used to generate mechanical energy from various fuels such as natural gas or liquid fuels. This generated mechanical energy is utilized to drive an integrated generator that produces electrical energy.
Growth in demand for energy from various industries fuels the market. In addition, the flexibility to use different fuels to drive the turbines is projected to boost the growth of the market. However, the stringent environmental regulations associated with gas turbines is expected to hinder the growth of the market during the forecast period.
The global industrial gas turbine market is segmented based on product, capacity, technology, application, and geography. Based on product, the market is divided into heavy duty and aeroderivative. Based on capacity, it is classified into less than 70 MW, 70300 MW, and above 300 MW. Based on technology, the market is bifurcated into open cycle and combined cycle. Based on application, the market is categorized into power generation, oil & gas, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the market include Ansaldo Energia, Bharat Heavy Electricals Limited, General Electric, Harbin Electric International Company Limited, Kawasaki Heavy Industries Ltd., Man Diesel & Turbo, Mitsubishi Hitachi Power Systems Ltd., Opra Turbines B.V., Siemens, and Vericor Power Systems.
Key Benefits
Industrial Gas Turbine Market Report Highlights
Aspects | Details |
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BY PRODUCT |
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By Capacity |
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BY TECHNOLOGY |
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By Market Application |
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By Geography |
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Key Market Players | ANSALDO ENERGIA, BHARAT HEAVY ELECTRICALS LIMITED, GENERAL ELECTRIC, HARBIN ELECTRIC INTERNATIONAL COMPANY LIMITED, KAWASAKI HEAVY INDUSTRIES LTD., MAN DIESEL & TURBO, MITSUBISHI HITACHI POWER SYSTEMS LTD., OPRA TURBINES B.V., SIEMENS, VERICOR POWER SYSTEMS |
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